All Posts

Box 4a normally shows the total distribution, not the nontaxable amount, except for the exceptions that allow 4a to be blank (a source of great confusion to taxpayers).   Can you give us all the fields on your 1099-R?    How many 1099-Rs do you have?   Did you enter this 1099-R manually or import it?   I would like to have enough information to recreate your situation.

Sorry no.   Each year is completely separate.  You have to buy a new program.   You can’t use a 2025 code for 2026.   You should try to get a refund.    You only need to buy 1 Desktop program each year.   The Desktop program can do unlimited returns and efile 5 Federal for free.   The rest you can be print and mailed.   And All the Desktop programs have the same forms. You just get more help and guidance in the higher versions. 

Early season pricing (when the product is released for the new tax year) is the lowest pricing of the season. Using TurboTax Advantage locks in that lowest price of the season for you. The option to purchase State e-file for only $20 ($5 savings) is per e-file. Please keep in mind if you are filing for your children, if you use TurboTax Desktop, you can file five federal returns with up to three state returns each. No more than five Intuit accounts and five corresponding federal returns (for example, for a family of five) may be created, purchased, and filed using any one email address. Per IRS rules, you can only e-file up to five federal returns using the same email address or phone number with personal tax return preparation products. You can learn more about TurboTax Advantage here. 

In the Income section, under Self-Employment, EDIT your Business.  Make sure you indicated that your business has an Inventory in 'Tell us More About Your Business'. You're then asked 'How do you Account for your Inventory?'   You're then asked for the value of your inventory at the beginning of 2025, and at the end of 2025, and on the next screen enter the amount of 2025 purchases, and value of unsalable inventory as 'Withdrawn for Personal Use'.   When you remove items for personal use or because they are unsalable, you must remove their original cost from your purchases or inventory value. Items withdrawn for personal use are not deductible, nor is the "lost revenue" from not selling them.   @Brandenbug           

Yes, I got a letter from the state, making a correction to my tax form. But even they did not properly correct it. TurboTax submitted the wrong tax form. So now you are telling me that I have to file an amended tax form to correct the mistake you made? I paid you to do my taxes, and now I have to do it myself? You are going to loose a lot of customers when I post my horrible experience all over social media.

@HikingTaxGuy wrote: If you are doing a backdoor ROTH don't use TurboTax online, you have to use the Desktop version.   buy the Desktop and don't fool around with the crappy Online version.      In my opinion, nobody should buy the crappy Online version.  It is a stripped-down version with less capabilities and often costs more than the desktop/downloaded version.

I deleted my Cookies in Chrome from "All Time"  and changed my Merrill password twice (not sure if the cookies caused the problem or changing the password twice fixed it) but IT WORKED!  I had tried for days to connect and got the dreaded 590 error.   Hope that helps!

Why or where do you need last year’s taxable Social Security amount?  Sorry for your loss.  My husband died in 2023.    When did your husband pass?   Did you start a new account and new return for yourself? You can file a Joint return as normal the year they passed.   For the next two years following a husband's or wife's death, the surviving spouse can file as a qualifying widow or widower if they have a qualifying child. That basically lets you continue to use the same tax brackets that apply to married-filing-jointly returns. After the year of death if you don't have a child you file as Single. To file Single you need start over with a new return and new account. And don't transfer from the Joint return.